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Economy News

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(29 Feb 2024, 16:52)

India's Fiscal Deficit Widens To Rs. 11.03 Lakh Crore, Reaches 64% Of FY24 Target


The Central government's fiscal deficit widened to Rs 11.03 lakh crore in April 2023-January 2024 from Rs 9.82 lakh crore in April-December, data released by the Controller General of Accounts showed on February 29.

At Rs 11.03 lakh crore, the fiscal deficit for the first 10 months of the current financial year accounts for 63.6 percent of the revised estimate of Rs 17.35 lakh crore. The original budget estimate was Rs 17.87 lakh crore.

The fiscal deficit in April 2022-January 2023 was 67.8 percent of the target for 2022-23.

The Government of India has received ₹22,52,128 crore (81.7% of corresponding BE 2023-24 of Total Receipts) upto January 2024 comprising ₹18,79,840 crore Tax Revenue (Net to Centre), ₹3,38,069 crore of Non-Tax Revenue and ₹34,219 ...

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